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Special Reports
Mortgage Fraud
Dexma and LexisNexis Team Up to Fight Fraud
By Bonnie Sinnock
Dexma has joined forces with LexisNexis U.S. to help customers of Dexma and Prime
Alliance Solutions fight fraud. Through a reseller agreement with LexisNexis, Dexma and Prime Alliance will offer
anti-fraud products including InstantID and InstantID Q&A. InstantID helps lenders verify the identity of mortgage
applicants and others seeking credit approval. By conducting a proprietary search against over 1,400 independent
data sources and nearly four billion consumer records, it validates that each data element (name, address, Social
Security number, birth date, phone number's, driver's license number) is authentic. In addition, it verifies that
all data are associated with the individual applicant.
InstantID identifies high-risk addresses such as prisons or campgrounds, disconnected
phone numbers, Social Security numbers of deceased persons, anyone on a government terrorist list and discrepancies
in data elements. InstantID returns results from the verification and validation search and gives lenders the information
they need to decide if they should continue processing the applicant's request. A Comprehensive Verification Index
indicates level of potential risk with that particular applicant. If the applicant fails the InstantID or triggers
other "red flags," lenders can use InstantID Q&A. Applicants must correctly answer multiple-choice
"out of wallet" questions, such as automobile license number, previous addresses, names/ages of personal
associates, etc.
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